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CTP · Question #697
CTP Question #697: Real Exam Question with Answer & Explanation
The correct answer is B. Captive finance company. See the full explanation below for the reasoning.
Question
- (Topic 7) Which method of financing would a company use to establish a wholly owned subsidiary to perform credit operations and obtain accounts receivable financing for the sale of products?
Options
- AThird party financing
- BCaptive finance company
- CFactoring department
- DSecuritization
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